Green home improvement loan
Borrow for insulation, solar panels, heat pumps or new windows through a credit union serving North Cork and West Limerick.
Αυτή η ευκαιρία είναι προς το παρόν διαθέσιμη στα Αγγλικά.
You can borrow for home energy improvements such as insulation, solar panels, heat pumps and new windows.
The page advertises borrowing from €500 to €100,000, a maximum term of ten years and an APR of 6.95%. APR is the annual percentage rate used to describe borrowing cost. The calculator figures are a rough guide, and all interest rates are variable: confirm the current rate and your agreed repayments with Mallow Credit Union.
If approved, the credit union pays the funds directly into your account. You repay the money borrowed plus interest over the agreed loan duration. The offer lists no hidden fees, no penalties for early repayment and no balloon payment, meaning no large final lump-sum payment. Free loan protection insurance is provided only to eligible members.
Eligibility
You must be a member of Mallow Credit Union before applying for the loan. The credit union assesses whether you can afford repayments, including interest, throughout the loan.
For the live/work membership route, you or your partner/spouse must live or work within the common bond in North Cork and West Limerick. This covers a seven-mile radius of Mallow or the parishes of Ballyclough, Banteer, Broadford, Buttevant, Caherbarnagh, Castlemagner, Castletownroche, Churchtown, Clondrohid, Coolclogh, Coomlogane, Crinaloo, Cullen, Derragh, Doneraile, Donoughmore, Drishane, Dromahane, Dromcollogher, Feenagh, Feoghanagh, Glantane, Grenagh, Keale, Kilberrihert, Kilcorney, Killavullen, Kilmeady, Liscarroll, Lisgriffin, Milford, Millstreet, Mourneabbey, Mountrivers, Nad, Rahalisk, Rathcoole, Rosnalee, Shanballymore, Skagh, Tincoora and Tullylease. It also covers a four-mile radius of Charleville, including Ballyagran, Ballyhea, Dromina, Effin and Newtownshandrum.
Missed repayments put your account into arrears and may affect your credit report and future access to credit.
How to apply
- Κατάσταση
- Ανοιχτό συνεχώς
- Όροι του κύκλου αιτήσεων
- Membership and assessment of repayment capacity are required.
If you are new to the credit union, use the loan page’s enquiry form and select “New to us”, or visit a branch to join. Membership must be approved before you start the loan application. Members can apply online, in the app or in a branch.
To join, bring a valid passport or driving licence, a utility bill or bank statement from the last six months, and an official document showing your Personal Public Service Number (PPSN). The public services card is not accepted as proof of PPSN.
For the loan, provide your most recent three months of bank statements, applicable credit-card and mortgage statements, identification and income evidence. Employed applicants need their three most recent payslips where applicable. Self-employed applicants need their most recent accounts and latest tax returns, or a notice of self-assessment. Social welfare recipients need their three most recent payment receipts where applicable; retired applicants need proof of all pensions. The credit union then reviews your ability to repay and confirms the approved loan details.